WORKER'S COMPENSATION
WORKER'S COMPENSATION INSURANCE FOR TRUCKERS
Worker's Compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The tradeoff between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain".
The premium for worker's compensation is determined by a percentage of the W2 payroll for a company. Each type of business has a specific class code that helps to determine the premium amount as well.
General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in workers' compensation plans, and negligence is generally not an issue in the case. These laws were first enacted in Europe and Oceania, with the United States following shortly thereafter. Providing commercial truck insurance in TN, AL, MS, FL, TX, and many more.
To get a quote, call our office today at (615) 277-0751 to speak with an agent!